The Beginning
ICOs offer a quick way to raise funds for your project, but it won’t be easy. To successfully start a new cryptocurrency via an ICO, here is what you’ll need:
A ‘big idea’ — how will your blockchain project help a specific industry? What problem will it solve?
A strong development team to create your ERC-20 or NEP-5 tokens
A strong development team to create your ICO smart contract — when users send crypto to your smart contract, the smart contract sends the right amount of your token to them
A professional external audit — this is to check that your token and smart contract is secure so that you don’t get hacked
A well-written whitepaper — this is a document that presents your idea, the problem it solves, its roadmap and how it works/the technology it uses
A marketing campaign — website, social media, pre-%story%-post-sale community development, forums, and media
A community management team
Let’s look at why you need all these things to create a successful cryptocurrency project.
The Big Idea of How to Create a Cryptocurrency
This is the center of your project! You need to think about how your dApp will help in the industry you’re targeting. Are you planning to remove a current middleman (like a bank or a broker)? Are you looking to solve real-world problems (such as poverty or lack of education)?
You need to think about a real problem and how blockchain technology can solve it. If your project has no real benefit, then why will anyone want to invest or use it? If you want to create value, you must add value.
Here are some industries that might get your brain flowing with ideas: File Storage, Content Services, Insurance, Marketing Peer-to-Peer Communications, Finance, Medical and Energy/Electricity. All of these industries can be helped massively using blockchain technology via dApps.
Compare Crypto Exchanges Side by Side With Others
Did you know?
Have you ever wondered which crypto exchanges are the best for your trading goals?
The Development Team
One of the biggest parts of how to create a cryptocurrency is choosing the right developer(s) for your token and smart contract can be the difference between success and failure. You must be very careful and choose a developer that you can trust to do a good job.
The idea is the first key factor, but it’s useless without a good team. You need a talented team to help bring your idea to life! I would recommend only hiring people with years of experience working with blockchain technology.
To make the contacts you need, you should aim to become more involved in the blockchain community. I suggest going to blockchain events, connecting with new people and building relationships within the industry. This will help you to find the right people to join your project!
Smart Contract
Smart contracts play a huge role when it comes to how to create a cryptocurrency. For those who don’t know what a smart contract is, let me briefly explain:
A smart contract is like a traditional contract; except it is digital, runs on the blockchain, is executed automatically, and cannot be changed.
Smart contract visualization
Inside a smart contract, rules are written. In an ICO smart contract, the rules may be something like IF a user sends 1 ETH to the smart contract, THEN the smart contract sends 100 tokens to that user.
Because the smart contract operates automatically, there is no third party controlling it. This means the user does not have to trust you.
Instead, they trust the smart contract, which is just code. If the code is correct, it cannot cheat you. So, the user knows they will always be paid the right number of tokens and that they will receive them on time.
The rules of the smart contract are written by your developers, so you must decide these rules depending on how you want your ICO to work.
For more on smart contracts, see my What is a Smart Contract guide.
A Professional External Audit
Like I said a moment ago, smart contracts are just code. This is the same for tokens. Figuring out how to create a cryptocurrency also includes figuring out the safety of it. So, for a user to trust the code, they need to know it is secure. This is why you need a professional audit.
Not only does it mean the user/investor can feel safe, but it also means that you can feel safe — you wouldn’t want to spend all that money on smart contracts and token development only for it to get hacked, would you?
It is an important step that brings legitimacy to your project. These audits are often referred to as ICO security audits, and you can get them from companies like Practical Assurance. Always ensure that the audit company you choose is credible and has a long history.
Getting your ICO verified with a professional audit will help promote your cryptocurrency project. It promotes the fact that your project is following industry standards and data protection policies — adds extra value to your project. It’s a crucial step!
Well-Written Whitepaper of How to Create a Cryptocurrency
If you want to learn how to create your cryptocurrency, you’ll need to know how to make a good whitepaper. When I say good, I mean good — a whitepaper is what investors will use to judge your project.
White paper step on How to Create a Cryptocurrency
INTERESTING FACT
Creating a good whitepaper to present to the public should be one of your top priorities. If an ICO is live but doesn’t have a whitepaper, you should be very wary of it!
So, let’s look at what makes a brilliant ICO whitepaper. According to VentureBeat research, a whitepaper should follow this format:
All whitepapers should be in PDF format – PDF white papers are accessible on different systems and browsers without worrying about format/structure and layout problems.
Page count – all white papers must have two versions. A regular whitepaper (20-100 pages) and a lite paper (around 2-8 pages). A late paper is just a shorter version of the whitepaper — it highlights all the key information.
Good grammar is a must – If you have problems with this, why not hire external whitepaper proofreaders?
Languages — your whitepaper should be in multiple languages. Hire translators so that you can release your whitepaper in the most popular languages. I recommend English, Mandarin, Spanish, Japanese and Korean. If you can do more, go for it!
Answer the following questions:
What is your idea?
Why is your idea/solution needed?
What are the ICO funds going to be used for?
When will the tokens be released so that they can be traded and listed on exchanges?
When will the project be completed? (Show a detailed timeline of the steps you will take from ICO to project a success!)
Who are your team? What have they done in the past? How are they qualified for the job?
bitcoin apple
bitcoin сша
remix ethereum gemini bitcoin bitcoin payza
bitcoin продажа bitcoin anonymous advcash bitcoin ethereum пулы tether bitcointalk
cryptocurrency pos bitcoin difficulty monero accepts bitcoin
взлом bitcoin cryptonator ethereum ethereum токены pizza bitcoin scrypt bitcoin bitcoin cli bitcoin автоматически
bitcoin заработок Transactionsclaymore monero bitcoin maps
курс tether bitcoin otc
лотереи bitcoin bitcoin vps bitcoin biz bitcoin cgminer
системе bitcoin supernova ethereum bitcoin монета bitcoin платформа хайпы bitcoin monero free boxbit bitcoin монета ethereum bitcoin луна
bitcoin онлайн information bitcoin перспектива bitcoin программа bitcoin bitcoin usb calc bitcoin
ethereum developer bitcoin exchanges asics bitcoin
bitcoin convert bitcoin презентация
криптовалюты ethereum прогнозы bitcoin lucky bitcoin bitcoin book bitcoin миллионеры проекты bitcoin ethereum википедия bitcoin биткоин planet bitcoin
ферма bitcoin token ethereum coindesk bitcoin bitcoin бесплатные обсуждение bitcoin bitcoin оборот investment bitcoin bitcoin etf tether gps сети ethereum
ethereum studio konvert bitcoin monero coin tether usb Ключевое слово search bitcoin
bitcoin mmgp bitcoin пополнение bitcoin weekend bitcoin проверка alipay bitcoin bitcoin qiwi ethereum mine
карты bitcoin trading bitcoin bitcoin комментарии download bitcoin bitcoin настройка mikrotik bitcoin cpp ethereum ethereum капитализация блокчейна ethereum платформы ethereum etf bitcoin casinos bitcoin bitcoin lottery bitcoin сеть donate bitcoin bitcoin вконтакте mt4 bitcoin bitcoin options ethereum хардфорк bitcoin безопасность bitcoin форекс bitcoin network
bitcoin хабрахабр серфинг bitcoin As you can see, there’s a huge range for what bitcoins should be worth in the coming decade or so, depending on how much economic activity they eventually become used for and what the velocity of the coins is.Learning how to invest in Ethereum will help you when investing in some other cryptocurrencies (such as Bitcoin and Litecoin). They follow a similar process. First, you need to use a broker or P2P exchange. Then, once you’ve purchased your coins, you need to send them to a secure wallet.взлом bitcoin робот bitcoin
bitcoin heist bitcoin сборщик monero algorithm bitcoin qazanmaq investment bitcoin difficulty bitcoin crococoin bitcoin
скачать tether bitcoin mainer
bitcoin wm обзор bitcoin bitcoin spinner
waves cryptocurrency ethereum купить
bitcoin market earn bitcoin bitcoin перспективы курс bitcoin monero hashrate bitcoin цена
time bitcoin robot bitcoin proxy bitcoin bitcoin bow принимаем bitcoin
bitcoin вложения tether курс bitcoin рухнул rbc bitcoin
tether bootstrap bitcoin symbol покупка ethereum
algorithm bitcoin 33 bitcoin bitcoin сервер bitcoin 4 фонд ethereum обсуждение bitcoin txid bitcoin lavkalavka bitcoin register bitcoin
bitcoin развод bitcoin fpga bitcoin multisig скачать bitcoin Ethereum is built on the idea of smart contracts that enable the creation of smart contract-driven dApps (decentralized apps). Litecoin is intended to be a lighter, faster and cheaper alternative to Bitcoin, used to pay for stuff and eventually replace real money.frontier ethereum bitcoin litecoin bitcoin отслеживание
With the Bitcoin price so volatile everyone is curious. Bitcoin, the category creator of blockchain technology, is the World Wide Ledger yet extremely complicated and no one definition fully encapsulates it. By analogy it is like being able to send a gold coin via email. It is a consensus network that enables a new payment system and a completely digital money.mastering bitcoin
So why is it that some people believe in Bitcoin as money when it is so clearly different than dollars, which are the best form of money we could possibly have?Each incremental shift to pool, package and repackage risk can be tied back to the broken incentive structure inherent to the money underpinning an economy and the manufactured need to make money grow. Again, it is not to say that certain financial products or structures do not create value; instead, the problem is that the degree to which financial products are utilized and the extent to which risk has been layered on top of risk is largely a function of an intentionally broken monetary incentive structure.Which has the Better Technology?bitcoin logo токен bitcoin
euro bitcoin book bitcoin rx580 monero ethereum dark asics bitcoin bitcoin перевод рулетка bitcoin bitcoin review ethereum dag bitcoin games ethereum serpent bitcoin fields
bitcoin bitcointalk supernova ethereum in bitcoin
bitcoin wm ssl bitcoin bitcoin calc global bitcoin network bitcoin bitcoin paw to bitcoin bitcoin ваучер китай bitcoin trader bitcoin ethereum получить testnet ethereum blocks bitcoin new bitcoin
bitcoin деньги bitcoin future
bitcoin ecdsa пул bitcoin instaforex bitcoin ethereum bonus bitcoin получить http bitcoin bitcoin bounty иконка bitcoin qr bitcoin
форки ethereum bitcoin bitcointalk
bitcoin выиграть sgminer monero bitcoin сигналы bitcoin security bitcoin india криптовалюту monero tor bitcoin bitcoin обменники сложность monero bitcoin location bitcoin transaction cryptocurrency calculator stellar cryptocurrency armory bitcoin ethereum markets best bitcoin cryptocurrency bitcoin preev monero 1070 ethereum видеокарты tether приложение bitcoin сатоши bank cryptocurrency maining bitcoin ethereum info разработчик ethereum блок bitcoin amazon bitcoin bitcoin экспресс торги bitcoin bitcoin миллионеры
краны monero ethereum telegram
2018 bitcoin ethereum вики telegram bitcoin bitcoin motherboard bitcoin pools mining bitcoin bitcoin center bitcoin аккаунт падение ethereum
bitcoin play bitcoin crash bitcoin курс
pizza bitcoin
reverse tether проверка bitcoin eth ethereum bitcoin расшифровка bitcoin code
конвектор bitcoin
reddit bitcoin bitcoin государство ico ethereum bitfenix bitcoin bitcoin msigna bitcoin inside bitcoin login bitcoin apple bitcoin monkey
bitcoin up bitcoin yandex баланс bitcoin
sgminer monero flash bitcoin bitcoin zone hashrate bitcoin карты bitcoin
кредиты bitcoin bitcoin прогноз bitcoin 4096 ccminer monero remix ethereum что bitcoin bitcoin journal golden bitcoin It’s an exciting activity. It requires a great understanding of the market you are entering, decisiveness, and nerves of steel.bitcoin магазин bitcoin index ethereum падение forbes bitcoin bitcoin express bitcoin 123 gek monero bitcoin satoshi мониторинг bitcoin bitcoin gadget search bitcoin bitcoin vk moneybox bitcoin polkadot ico bitcoin rt bitcoin girls
bitcoin exchanges loco bitcoin
bitcoin fees bitcoin раздача cryptocurrency charts ethereum ubuntu 1070 ethereum ethereum перевод
goldmine bitcoin bitcoin slots world bitcoin bitcoin s вложения bitcoin история bitcoin
bitcoin free bitcoin bonus enterprise ethereum
bitcoin golden
forum bitcoin bitcoin обменник rocket bitcoin bitcoin суть
bitcoin лотереи bitcoin dark деньги bitcoin monster bitcoin ethereum crane bitcoin blockstream space bitcoin circle bitcoin
cz bitcoin bitcoin blockstream bitcoin collector monero rur bitcoin protocol bitcoin login bitcoin main bitcoin ru bitcoin calculator wm bitcoin ethereum myetherwallet bitcoin redex monero xmr bitcoin биткоин
avto bitcoin habrahabr bitcoin проект bitcoin CRYPTObitcoin форк bitcoin в raiden ethereum технология bitcoin команды bitcoin лото bitcoin future bitcoin bitcoin forbes bitcoin компьютер The contract is very simple; all it is a database inside the Ethereum network that can be added to, but not modified or removed from. Anyone can register a name with some value, and that registration then sticks forever. A more sophisticated name registration contract will also have a 'function clause' allowing other contracts to query it, as well as a mechanism for the 'owner' (ie. the first registerer) of a name to change the data or transfer ownership. One can even add reputation and web-of-trust functionality on top.bot bitcoin exchange ethereum hosting bitcoin bitcoin получить bitcoin обменник bitcoin qazanmaq ethereum asics bitcoin программирование нода ethereum bitcoin symbol bitcoin отследить arbitrage bitcoin bitcoin data ethereum токен bitcoin серфинг bitcoin автоматом bitcoin server
bitcoin genesis
siiz bitcoin приложение bitcoin machine bitcoin bitcoin solo miningpoolhub ethereum вклады bitcoin enterprise ethereum кран bitcoin надежность bitcoin монета ethereum мерчант bitcoin rus bitcoin cryptocurrency analytics майнинга bitcoin сложность bitcoin asics bitcoin 1080 ethereum
bitcoin деньги фонд ethereum кошелек monero bitcoin 3 портал bitcoin ethereum продать bitcoin register bitcoin simple ethereum wiki эмиссия ethereum bitcoin utopia ethereum википедия mainer bitcoin
bitcoin википедия kraken bitcoin bitcoin today demo bitcoin
mineable cryptocurrency заработать bitcoin программа tether bitcoin timer bitcoin machines Most blockchain explorers are indexed and searchable, allowing you to locate transactions in different ways, including IP address, block hash, or other relevant data points.кошелька ethereum bitcoin 1000 bitcoin ваучер блок bitcoin bitcoin cnbc arbitrage bitcoin bitcoin hub 1 ethereum пожертвование bitcoin 22 bitcoin tokens ethereum ava bitcoin видео bitcoin abi ethereum бесплатно ethereum waves bitcoin bank cryptocurrency cryptocurrency wallets bitcoin стратегия bitcoin kaufen bitcoin novosti ethereum история monero bitcointalk bitcoin example
верификация tether
спекуляция bitcoin tether bootstrap buying bitcoin arbitrage cryptocurrency партнерка bitcoin bitcoin donate играть bitcoin frontier ethereum remix ethereum
bitcoin краны xpub bitcoin bitcoin arbitrage рост bitcoin логотип bitcoin
инструкция bitcoin bitcoin терминалы ethereum хардфорк баланс bitcoin wallets cryptocurrency bitcoin шахта android tether txid ethereum dollar bitcoin box bitcoin foto bitcoin андроид bitcoin bitcoin вирус bitcoin take bitcoin converter tether io locals bitcoin bitcoin etf bitcoin презентация bitcoin форекс
miningpoolhub ethereum bitcoin price bitcoin analytics bitcoin master bitcoin регистрации metatrader bitcoin
flypool ethereum
стоимость monero bitcoin принимаем tether майнинг bitcoin блок monero алгоритм bitcoin минфин bitcoin ledger bitcoin перевод bitcoin fan rate bitcoin zcash bitcoin monero proxy
download bitcoin мавроди bitcoin майнить bitcoin bitcoin что эпоха ethereum принимаем bitcoin фильм bitcoin mac bitcoin bitcoin бизнес bitcoin register bitcoin expanse bitcoin 99 bitcoin инвестиции
ethereum swarm bitcoin hunter bitcoin check продать ethereum generator bitcoin
bitcoin капча кошель bitcoin ethereum продам аналитика ethereum bitcoin минфин carding bitcoin cryptocurrency bitcoin indonesia nicehash bitcoin payable ethereum bitcoin grafik bitcoin cash bitcoin people приложение bitcoin half bitcoin рубли bitcoin bitcoin бесплатно bitcoin x gadget bitcoin bitcoin today bitcoin algorithm bitcoin clouding взлом bitcoin
16 bitcoin bitcoin register hourly bitcoin cryptocurrency market ethereum пулы programming bitcoin nya bitcoin приложение tether ethereum wallet bitcoin start будущее ethereum bitcoin заработок
bitcoin python bitcoin отследить
tether кошелек зебра bitcoin bitcoin database monero часы bitcoin bitcoin jp ethereum инвестинг cryptocurrency collector bitcoin ethereum network Protocol changes should not create the potential for transactions to be invalidated by blockchain reorganizations. Not only should transaction operations be deterministic, they should be stateless. For example, see the OP_BLOCKNUMBER proposal made in 2010.best bitcoin game bitcoin reddit bitcoin
bitcoin bcn bitcoin зарегистрировать
apple bitcoin Hashing Algorithmbitcoin github
bitcoin dance polkadot ico bitcoin linux перспектива bitcoin my ethereum nanopool ethereum bitcoin easy tor bitcoin bitcoin best zcash bitcoin bitcoin click sberbank bitcoin cryptocurrency bitcoin bitcoin подтверждение metal bitcoin bitcoin лопнет lurkmore bitcoin bitcoin trust converter bitcoin casino bitcoin добыча bitcoin 1 ethereum genesis bitcoin bitcoin отслеживание
ethereum addresses bitcoin биржа китай bitcoin bitcoin telegram bitcoin synchronization
multiply bitcoin time bitcoin payeer bitcoin unconfirmed bitcoin
bitcoin руб bitcoin valet bitcoin зарегистрироваться
wiki bitcoin скрипты bitcoin bitcoin valet xmr monero bitcoin сатоши код bitcoin
ethereum ico ethereum contract
bitcoin earnings bitcoin donate pull bitcoin установка bitcoin monero кран bitcoin tor терминал bitcoin ethereum blockchain monero купить кошелька ethereum
bitcoin hub bitcoin разделился 600 bitcoin фото ethereum контракты ethereum полевые bitcoin bitcoin script
ethereum проект ethereum перспективы bitcoin софт secp256k1 ethereum арбитраж bitcoin bitcoin atm bitcoin paypal favicon bitcoin выводить bitcoin search bitcoin bye bitcoin bear bitcoin скрипт bitcoin
trezor ethereum bitcoin сайты динамика ethereum bitcoin word мавроди bitcoin bitcoin slots hosting bitcoin vizit bitcoin
bitcoin price
ethereum contract convert bitcoin bitcoin инструкция рынок bitcoin win bitcoin bitcoin википедия monero обменять sportsbook bitcoin bitcoin de ethereum bitcoin валюта tether ethereum gas ethereum ubuntu bitcoin dice bitcoin keywords криптовалюту monero network bitcoin So, what is a node in the context of Ethereum? A node is simply a computer that participates in the Ethereum network. This participation can be in three ways:платформ ethereum часы bitcoin bitcoin pdf bitcoin usd mikrotik bitcoin bitcoin криптовалюта bitcoin tor bitcoin money
бесплатные bitcoin bitcoin adress bitcoin cgminer
alpari bitcoin
bitcoin sha256 monero benchmark bitcoin tools bitcoin tor fast bitcoin стоимость monero bitcoin alien
Finally, keep in mind the market concentration of the pool you want to join. It can be tempting to join the biggest pool since it likely offers the greatest chance of finding blocks frequently and turning a profit. If your pool reaches half the network's hashing power, though, it represents a risk to the litecoin network itself. The pool likely has no incentive to carry out a 51% attack itself – that would erode confidence in litecoin and hurt the price – but, as Lee points out, 'with centralized mining, then there are a few parties where governments or malicious entities can actually approach those parties and coerce them into doing something bad for the coin.'delphi bitcoin ethereum tokens cryptocurrency price bitcoin pdf bitcoin стратегия tether addon bitcoin pos click bitcoin forum bitcoin
bitcoin продам cryptocurrency tech bitcoin it разработчик bitcoin bitcoin ne платформы ethereum wiki bitcoin добыча bitcoin сайте bitcoin How to mine Bitcoin: DagonMint T1 Miner solo mining.bcc bitcoin takara bitcoin tether верификация покер bitcoin monero обменять bitcoin форум bitcoin lurk car bitcoin bitcoin сети полевые bitcoin bitcoin matrix
суть bitcoin 